UPSC Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank Industries and Infrastructure

  • question_answer
          What are the aspects of Competition Act 2002?
    I. Prohibition of anti-competitive agreements
    II. Prohibition of abuse of dominance
    III. Regulation of combination (acquisitions, mergers and amalgamations of certain size
    IV. Establishment of Competition Commission of India (CCI)

    A) I & II                            

    B) II & III

    C) Only I              

    D) All the above

    Correct Answer: D

    Solution :

    The Act mainly covers the following aspects: (i) Prohibition of anti-competitive agreements; (ii) Prohibition of abuse of dominance; (iii) Regulation of combination (acquisitions,   mergers   and amalgamations of certain size); (iv) Establishment of Competition Commission of India (CCI); and (v) Functions and powers of CCI.


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